Income

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1. What is bill of entry ? 2. What are the type of Custom Duties ? 3. What is long term capital gain? 4. Amalgamation is cover under which account standard? 5. What is Customs duty? 1. What are the benefit of VAT? 2. What are the mean of good under central excise ACT? 3. Mean of to Manufacturer? 4. What are the merits of VAT . Find Assessable Value and duty payable. The product is not covered under section 4A. Maximum Retail Trade Price: ` 1,100/- per unit. - State Vat, Octroi and other Local Taxes: 10% of net price- Cash Discount : 2% - Trade Discount: 10% - Primary and Secondary packing cost included in the above MRP : ` 100 - Excise duty rate : 8% ad valorem plus education cesses as applicable

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Transcript of Income

1. What is bill of entry ? 2. What are the type of Custom Duties ?3. What is long term capital gain? 4. Amalgamation is cover under which account standard?5. What is Customs duty?

1. What are the benefit of VAT?2. What are the mean of good under central excise ACT?3. Mean of to Manufacturer? 4. What are the merits of VAT

. Find Assessable Value and duty payable. The product is not covered under section 4A. Maximum Retail Trade Price: ` 1,100/- per unit. - State Vat, Octroi and other Local Taxes: 10% of net price- Cash Discount : 2% - Trade Discount: 10% - Primary and Secondary packing cost included in the above MRP : ` 100 - Excise duty rate : 8% ad valorem plus education cesses as applicable